For those economics experts out there
Comments
-
There's a really long form answer out there. I doubt you actually give a shit about it as you just seem to care about winning partisan talking points. In the event anyone does I will do my best to link to some good economics articles explaining.
TLDR version is this: Tariffs and trade wars are bad mmmkay, Trump and his advisors do know this but are using them as the least bad option to negotiate with China. China has already been waging a trade war for 20+ years on us we just haven't been paying attention and/or hoping they would come around on the free trade wagon at some point. Now, we are in a space where in the next 10-20 years China may be able to dictate the rules of world trade(they are already setting up a parallel network to ours). This would be bad for everyone except China and really more specifically Chinese 1%r's. There's also a set of strategically important industries that China is very quickly taking over because of state sponsorship that it would be bad for the whole world if they succeeded. Trump & company are picking this fight now in the hopes we still can win it and force concessions from China. It might already be too late.
Also see Chinese US currency holdings. If China/Russia succeeded in removing the US dollar as the world reserve currency it would be bad news for us and possibly the world as well. -
It means tariffs are bad. Trump is on record that he doesn’t want tariffs and that he wants open, fair, trade. The problem is our trading partners have imposed tariffs on our goods, for decades, and are used to the status quo. So, he’s imposing commensurate tariffs on them with the end game of eliminaning/reducing tariffs. It’s called a Trade War. Sometimes in war, you have to temporarily sacrifice for the long term goal. He’s covering the farmers losses while this plays out.2001400ex said:
Yes the stock market is up overall. Because there are many influences. My point is, every time a new tariff is announced, the market reacts negatively. And I was asking what people thought that means.Swaye said:
lolwut?2001400ex said:
That's the thing. Trump can start this tariff war. But most of the cost is really passed to the people who voted him in.GrundleStiltzkin said:Another reason why tariffs are stupid. They have to do this shit to cover their political asses.
Also, anyone who posted that the stock market is up now. You totally fucking missed the point. And have zero clue how the stock market works.
-
Agree, but you realize you are trying to explain this to somebody with a speed limit IQ?USMChawk said:
It means tariffs are bad. Trump is on record that he doesn’t want tariffs and that he wants open, fair, trade. The problem is our trading partners have imposed tariffs on our goods, for decades, and are used to the status quo. So, he’s imposing commensurate tariffs on them with the end game of eliminaning/reducing tariffs. It’s called a Trade War. Sometimes in war, you have to temporarily sacrifice for the long term goal. He’s covering the farmers losses while this plays out.2001400ex said:
Yes the stock market is up overall. Because there are many influences. My point is, every time a new tariff is announced, the market reacts negatively. And I was asking what people thought that means.Swaye said:
lolwut?2001400ex said:
That's the thing. Trump can start this tariff war. But most of the cost is really passed to the people who voted him in.GrundleStiltzkin said:Another reason why tariffs are stupid. They have to do this shit to cover their political asses.
Also, anyone who posted that the stock market is up now. You totally fucking missed the point. And have zero clue how the stock market works. -
Ty will be successful next year POTD.USMChawk said:
It means tariffs are bad. Trump is on record that he doesn’t want tariffs and that he wants open, fair, trade. The problem is our trading partners have imposed tariffs on our goods, for decades, and are used to the status quo. So, he’s imposing commensurate tariffs on them with the end game of eliminaning/reducing tariffs. It’s called a Trade War. Sometimes in war, you have to temporarily sacrifice for the long term goal. He’s covering the farmers losses while this plays out.2001400ex said:
Yes the stock market is up overall. Because there are many influences. My point is, every time a new tariff is announced, the market reacts negatively. And I was asking what people thought that means.Swaye said:
lolwut?2001400ex said:
That's the thing. Trump can start this tariff war. But most of the cost is really passed to the people who voted him in.GrundleStiltzkin said:Another reason why tariffs are stupid. They have to do this shit to cover their political asses.
Also, anyone who posted that the stock market is up now. You totally fucking missed the point. And have zero clue how the stock market works. -
He answered your question, correctly, and you get snarky. Kill yourself.2001400ex said:
Ty will be successful next year POTD.USMChawk said:
It means tariffs are bad. Trump is on record that he doesn’t want tariffs and that he wants open, fair, trade. The problem is our trading partners have imposed tariffs on our goods, for decades, and are used to the status quo. So, he’s imposing commensurate tariffs on them with the end game of eliminaning/reducing tariffs. It’s called a Trade War. Sometimes in war, you have to temporarily sacrifice for the long term goal. He’s covering the farmers losses while this plays out.2001400ex said:
Yes the stock market is up overall. Because there are many influences. My point is, every time a new tariff is announced, the market reacts negatively. And I was asking what people thought that means.Swaye said:
lolwut?2001400ex said:
That's the thing. Trump can start this tariff war. But most of the cost is really passed to the people who voted him in.GrundleStiltzkin said:Another reason why tariffs are stupid. They have to do this shit to cover their political asses.
Also, anyone who posted that the stock market is up now. You totally fucking missed the point. And have zero clue how the stock market works. -
That was the tldr?UW_Doog_Bot said:There's a really long form answer out there. I doubt you actually give a shit about it as you just seem to care about winning partisan talking points. In the event anyone does I will do my best to link to some good economics articles explaining.
TLDR version is this: Tariffs and trade wars are bad mmmkay, Trump and his advisors do know this but are using them as the least bad option to negotiate with China. China has already been waging a trade war for 20+ years on us we just haven't been paying attention and/or hoping they would come around on the free trade wagon at some point. Now, we are in a space where in the next 10-20 years China may be able to dictate the rules of world trade(they are already setting up a parallel network to ours). This would be bad for everyone except China and really more specifically Chinese 1%r's. There's also a set of strategically important industries that China is very quickly taking over because of state sponsorship that it would be bad for the whole world if they succeeded. Trump & company are picking this fight now in the hopes we still can win it and force concessions from China. It might already be too late.
Also see Chinese US currency holdings. If China/Russia succeeded in removing the US dollar as the world reserve currency it would be bad news for us and possibly the world as well. -
Yeap. Do you really want to read economic reports?Pitchfork51 said:
That was the tldr?UW_Doog_Bot said:There's a really long form answer out there. I doubt you actually give a shit about it as you just seem to care about winning partisan talking points. In the event anyone does I will do my best to link to some good economics articles explaining.
TLDR version is this: Tariffs and trade wars are bad mmmkay, Trump and his advisors do know this but are using them as the least bad option to negotiate with China. China has already been waging a trade war for 20+ years on us we just haven't been paying attention and/or hoping they would come around on the free trade wagon at some point. Now, we are in a space where in the next 10-20 years China may be able to dictate the rules of world trade(they are already setting up a parallel network to ours). This would be bad for everyone except China and really more specifically Chinese 1%r's. There's also a set of strategically important industries that China is very quickly taking over because of state sponsorship that it would be bad for the whole world if they succeeded. Trump & company are picking this fight now in the hopes we still can win it and force concessions from China. It might already be too late.
Also see Chinese US currency holdings. If China/Russia succeeded in removing the US dollar as the world reserve currency it would be bad news for us and possibly the world as well. -
He didn't answer the question. He said Trump will fix it next year.Swaye said:
He answered your question, correctly, and you get snarky. Kill yourself.2001400ex said:
Ty will be successful next year POTD.USMChawk said:
It means tariffs are bad. Trump is on record that he doesn’t want tariffs and that he wants open, fair, trade. The problem is our trading partners have imposed tariffs on our goods, for decades, and are used to the status quo. So, he’s imposing commensurate tariffs on them with the end game of eliminaning/reducing tariffs. It’s called a Trade War. Sometimes in war, you have to temporarily sacrifice for the long term goal. He’s covering the farmers losses while this plays out.2001400ex said:
Yes the stock market is up overall. Because there are many influences. My point is, every time a new tariff is announced, the market reacts negatively. And I was asking what people thought that means.Swaye said:
lolwut?2001400ex said:
That's the thing. Trump can start this tariff war. But most of the cost is really passed to the people who voted him in.GrundleStiltzkin said:Another reason why tariffs are stupid. They have to do this shit to cover their political asses.
Also, anyone who posted that the stock market is up now. You totally fucking missed the point. And have zero clue how the stock market works. -
I realize it a little more with each post I read.HoustonHusky said:
Agree, but you realize you are trying to explain this to somebody with a speed limit IQ?USMChawk said:
It means tariffs are bad. Trump is on record that he doesn’t want tariffs and that he wants open, fair, trade. The problem is our trading partners have imposed tariffs on our goods, for decades, and are used to the status quo. So, he’s imposing commensurate tariffs on them with the end game of eliminaning/reducing tariffs. It’s called a Trade War. Sometimes in war, you have to temporarily sacrifice for the long term goal. He’s covering the farmers losses while this plays out.2001400ex said:
Yes the stock market is up overall. Because there are many influences. My point is, every time a new tariff is announced, the market reacts negatively. And I was asking what people thought that means.Swaye said:
lolwut?2001400ex said:
That's the thing. Trump can start this tariff war. But most of the cost is really passed to the people who voted him in.GrundleStiltzkin said:Another reason why tariffs are stupid. They have to do this shit to cover their political asses.
Also, anyone who posted that the stock market is up now. You totally fucking missed the point. And have zero clue how the stock market works.
-
Show me where I placed a time limit on this. You can’t. You’re bias is making you see things that aren’t there.2001400ex said:
He didn't answer the question. He said Trump will fix it next year.Swaye said:
He answered your question, correctly, and you get snarky. Kill yourself.2001400ex said:
Ty will be successful next year POTD.USMChawk said:
It means tariffs are bad. Trump is on record that he doesn’t want tariffs and that he wants open, fair, trade. The problem is our trading partners have imposed tariffs on our goods, for decades, and are used to the status quo. So, he’s imposing commensurate tariffs on them with the end game of eliminaning/reducing tariffs. It’s called a Trade War. Sometimes in war, you have to temporarily sacrifice for the long term goal. He’s covering the farmers losses while this plays out.2001400ex said:
Yes the stock market is up overall. Because there are many influences. My point is, every time a new tariff is announced, the market reacts negatively. And I was asking what people thought that means.Swaye said:
lolwut?2001400ex said:
That's the thing. Trump can start this tariff war. But most of the cost is really passed to the people who voted him in.GrundleStiltzkin said:Another reason why tariffs are stupid. They have to do this shit to cover their political asses.
Also, anyone who posted that the stock market is up now. You totally fucking missed the point. And have zero clue how the stock market works.
